GeckoPulse: Down Bad November

Going Back Under

We're halfway through November, and the markets still don't look pretty.

Bitcoin has once again fallen below the $100K mark since last Friday, and is currently down by 10.1% in the past week from $106K to $95.3K today.

According to CoinGlass, Bitcoin open interest has decreased considerably since the events of October 10, dropping by 26.7% from $90B to $66B.

Other major cryptocurrencies aren't faring any better either, with the price of ETH plunging to as low as $3,065 today, before recovering to $3,191 as of the time of writing.

On the other hand, privacy coins remain strong, led by FIRO and XLA, which recorded gains of 48.8% and 34.3% today.

ZEC, which has been on a stellar run since the start of October, broke past the $700 mark, reaching a peak of $735 before retreating to $678.

Robotics Reserve 

Stablecoin issuer Tether is apparently negotiating a $1.2B deal to invest in robotics startup Neura.

According to a report by FT, the deal would value Neura at a maximum of $11.6B.

Tether is actively looking to expand its investment portfolio, having generated over $10B in profit so far in 2025.

The company has previously dabbled in bitcoin mining and AI, having announced an open-source platform known as Tether AI.

In Other News

Bitfinex Launderer Back with a New Single. Heather Morgan, aka “Razzlekhan”, who was implicated in the $72M Bitfinex hack in 2016 will be fully released from prison in December. At the same time, Morgans will resume her activities as a music artist with a new rap song to celebrate the end of her incarceration.

CFO Convicted of Losing $35M of Company Funds in Crypto. Nevin Shetty was convicted of fraud after he misappropriated $35M of company funds, putting them into risky DeFi protocols such as Terra, which shortly imploded and resulted in $35M in losses. He currently faces up to 20 years imprisonment.

BitMine Changes CEO. BitMine, the $11B Ethereum treasury firm, will have current CEO Jonathan Bates replaced by Chi Tsang. BitMine’s influential figurehead Tom Lee remains in his chairman position.

Hong Kong Trials Tokenized Deposit Transactions. The Hong Kong Monetary Authority has begun experimenting with making real-value transactions using tokenized deposits  and digital assets. The new pilot program dubbed Project Ensemble is expected to operate through 2026.

Cardano Whale “Fat Fingered” $6M. A dormant Cardano wallet recently swapped 14.4M ADA for 847K USDA, incurring over $6M in losses through extreme slippage.